Cascades (TSE:CAS) Shares Cross Above 200 Day Moving Average – Time to Sell?

Cascades Inc. (TSE:CAS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.52 and traded as high as C$14.00. Cascades shares last traded at C$14.00, with a volume of 129,742 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CAS. National Bank Financial lifted their price target on shares of Cascades from C$12.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Royal Bank Of Canada lifted their target price on shares of Cascades from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Scotiabank upped their price target on Cascades from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. TD Securities lifted their price objective on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Desjardins increased their target price on Cascades from C$10.50 to C$13.50 and gave the stock a “hold” rating in a research note on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$14.58.

Cascades Trading Up 1.2%

The firm has a market capitalization of C$1.42 billion, a PE ratio of 70.00, a P/E/G ratio of 0.56 and a beta of 1.13. The firm has a 50 day simple moving average of C$13.04 and a 200 day simple moving average of C$11.52. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37.

Cascades Company Profile

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.